The Chartered Institute of Building (CIOB) has joined a coalition of more than 60 professional bodies to create the global built environment sector’s first global ethics standard.
Announced today, the coalition will launch a global consultation on ethics for those working in land, property, construction and infrastructure.
The CIOB said that producing one set of ethics standards for real estate and related professions will help to bring greater transparency and consistency to global property markets.
Included in the group are prominent real estate representatives from Russia, China, France, the USA, Germany, Brazil, Japan, Malaysia, Canada and the UK.
Ethics is central to being a professional. Construction is a challenging environment and that will only increase as national players and agendas mix together on the international stage– Chris Blythe, CIOB Chief Executive
Collectively representing hundreds of thousands of built environment professionals, 10 UK organisations are signed up to the International Ethics Standards (IES) Coalition, which calls on professionals to submit feedback on the new International Ethics Standard.
Peter Bolton King, Chair of the International Ethics Standard Coalition said: "The IES Coalition is organising this three month consultation to ensure that the final version is high quality, understood and accepted by all participating organisations, practitioners and their clients. Relevant organisations and individuals throughout the world are invited to respond."
Chris Blythe, Chief Executive of the CIOB said: "Ethics is central to being a professional. Construction is a challenging environment and that will only increase as national players and agendas mix together on the international stage.
"It is crucial that professional ethics are implemented throughout the supply chain, particularly in markets that are susceptible to differing standards. By joining the IES and developing a collaborative and consistent approach to ethics we can ensure that with greater standardisation professionalism across the globe will be raised."
Organisers say the International Ethics Standard is the first of its kind for the sector. The Coalition believes that this will de-risk property and BE markets for investors, businesses and the public at large and help to reassert the role that ethics plays in the global property profession.
For a full list of organisation in the IES Coalition, visit their website.
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I would like to know how the question of ethics is going to be implemented in such a challenging global environment
The very old saying comes to mind: “Yes it looks O.K. on paper but just who will be controlling the controllers?” To put it mildly ethics is central to the very survival of our Industry – without it investment funds
will simply go elsewhere! So it is better, in the long run, not to deal with or to tender at all for work on offer from questionable Governments, Organisations or Individuals!